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Post by tajmahal9898 on Aug 20, 2010 20:14:14 GMT -5
August series of JAZZ options expire August 21, 2010. For purposes of calculating a price for use in expiration processing, OCC will use the last available JAZZ price of $10.23 from August 19, 2010. OCC anticipates expiring JAZZ options will be processed in the normal fashion this weekend, including the use of the customary in-the-money thresholds to effect exercise of expiring JAZZ positions. www.optionsclearing.com/components/docs/market-data/infomemos/2010/aug/27611.pdfCosmic you are OK. |
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Post by cosmic on Aug 20, 2010 20:31:04 GMT -5
W H E W ! ! ! !
I'll take my $1.73 from that jumbled mess lol. ;D
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Post by cosmic on Aug 20, 2010 20:53:02 GMT -5
Actually I keep calculating that wrong. Looks like the $10 call closed at 1.40, so since I sold at $1.06, I think that .73 profit needs to be reduced by .34, so actual profit is 1.39/share.
Anyone want to check my math?
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Post by Rich on Aug 20, 2010 20:59:12 GMT -5
Profit's profit. Who cares?
PARTY TIME!
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Post by Rich on Aug 20, 2010 21:03:32 GMT -5
oh, and don't act like you don't like that song!
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Post by tajmahal9898 on Aug 20, 2010 21:08:24 GMT -5
Actually I keep calculating that wrong. Looks like the $10 call closed at 1.40, so since I sold at $1.06, I think that .73 profit needs to be reduced by .34, so actual profit is 1.39/share. Anyone want to check my math? JAZZ option closing price has nothing to do with your profit/loss.. JAZZ pps has everything to do with your profit/loss If you sold JAZZ Aug 10 calls at $1.06, you can have a max profit of $1.06/share and min profit of 83 cents/share. Latter if Aug 10 calls got assigned -- this can happen if the holder of the 10 call didn't call the broker and advised not to automatically exercise the option... you are good.. |
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Post by cosmic on Aug 20, 2010 21:15:34 GMT -5
Ok but I also sold $10 puts for $1.00, and they closed OTM, so you're saying the profit is either 1.83 or 2.06?
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Post by tajmahal9898 on Aug 20, 2010 21:20:35 GMT -5
Ok but I also sold $10 puts for $1.00, and they closed OTM, so you're saying the profit is either 1.83 or 2.06? You got it.. short Aug 10 Put profit is $100/contract guaranteed - nothing more nothing less. short Aug 10 Call profit is $106/contract (if not called) or $83/contract (if called) |
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